Soros Fund, Del Nin Seek Dismissal of Warshaw Lawsuit

RADIO ONLINE | Friday, July 11, 2025 | 10:40am CT

Jeffrey Warshaw

The legal dispute between Connoisseur Media CEO Jeffrey Warshaw and Soros Fund Management (SFM) intensified this week as SFM and its Head of Media Investments, Michael Del Nin, moved to dismiss Warshaw's lawsuit and demanded revisions to his complaint.

Warshaw filed suit last month in Connecticut Superior Court, alleging breach of contract, unfair trade practices, and other claims tied to his alleged role in steering SFM toward acquiring a majority stake in Audacy during the broadcaster's Chapter 11 restructuring. Warshaw claims that after collaborating with Del Nin on a failed attempt to acquire Cox Media Group in 2022, he introduced SFM to a new opportunity -- purchasing a controlling position in Audacy. In return, he says Del Nin verbally promised him either the CEO position at Audacy or 5% of SFM's profits from the deal.

SFM and Del Nin forcefully pushed back in court filings submitted July 10. In a motion to dismiss, Del Nin argues that Connecticut courts lack jurisdiction over him because he lives and works in New York. A sworn affidavit from Del Nin asserts that all relevant business was conducted in Manhattan and that no agreements were finalized in Connecticut.

Simultaneously, SFM filed a detailed Request to Revise the lawsuit, asserting that Warshaw's complaint fails to specify essential facts -- such as the exact terms of the alleged agreement or when and where they were made. The filing further characterizes Warshaw's claims as speculative and unsupported by documentation, asserting that SFM had already been exploring radio sector investments, including Audacy, before any interaction with Warshaw.

Del Nin also acknowledged that Warshaw assisted in due diligence for the potential Cox Radio acquisition, but firmly denies ever agreeing to merge Connoisseur Media into a larger entity or offer Warshaw an executive role or equity.

If granted, the motion to dismiss would remove Del Nin entirely from the case. However, the claims against SFM would still proceed, pending the court's ruling on the Request to Revise or any future motion to strike.

SFM's filings also target Warshaw's claim under the Connecticut Unfair Trade Practices Act, asserting that it lacks the factual detail necessary to survive judicial scrutiny. The firm argues the alleged conduct neither occurred in nor directly impacted Connecticut's trade or commerce.

Additionally, SFM is asking the court to compel Warshaw to restructure the complaint to clearly separate allegations against each defendant and to correct what it calls procedural and formatting deficiencies that make the lawsuit "confusing and improperly structured."